Press release
Overhead Cranes Market Size, Status and Global Outlook 2020 to 2027 | ABUS Kransysteme GmbH, Columbus McKinnon Corporation (CMCO), EMH
Overhead Cranes Market
According to AMR, the global overhead cranes market size is expected to reach $5.0 billion in 2027 from $3.8 billion in 2019, growing at a CAGR of 4.9% from 2020 to 2027.
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According to type, double girder cranes have maximum contribution in the overhead cranes market mainly due to their versatility and high demand from automotive and aerospace industries. In addition, the demand for aftermarket services is also bolstered, owing to surge in adoption of automation technologies.
Top Players:
The major players operating in the overhead cranes industry include botek ABUS Kransysteme GmbH, Columbus McKinnon Corporation (CMCO), EMH, Inc., GH Cranes & Components, Gorbel Cranes, Kito Corporation, Konecranes Plc., Ralf Teichmann GmbH, Sumitomo Heavy Industries Material Handling Systems Co., Ltd., and Weihua Group.
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Segmentation Based On:
The global overhead cranes market is segmented on the basis of type, business type, end user, and region.
Based on type, the overhead cranes market is bifurcated into single girder and double girder. According to business type, the global overhead cranes market is categorized into original equipment manufacturer (OEM) and aftersales.
By application, the market is classified into automotive, metal & mining, paper, utility, aerospace, shipyards, and others.
Regional Analysis:
The global overhead cranes market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest market share throughout the study period, and LAMEA is expected to grow at the fastest rate.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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